By Saqib Iqbal Ahmed (Reuters) – The U.S. dollar fell across the board on Monday, giving up the previous week’s gains, as markets weighed the outlook for President Donald Trump’s tariff policy and its potential to hurt growth and stoke inflation. The U.S. currency slipped after Trump said on Friday he planned to double duties …
By Sherin Elizabeth Varghese (Reuters) – Gold rose more than 2% on Monday to its highest in over three weeks, as a weakening dollar and a combination of geopolitical risks and economic uncertainty fuelled investor demand for safe-haven assets. Spot gold was up 2.5% at $3,372.13 an ounce, as of 02:17 p.m. ET (1817 GMT), …
Gold climbs to over 3-week high as dollar weakens, geopolitical and trade tensions mount Read More »
(Reuters) -India’s Adani Group on Monday denied “any deliberate engagement” in sanctions evasion or trade involving Iranian-origin liquefied petroleum gas, after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port. An Adani spokesperson called the report “baseless and mischievous” in a …
India’s Adani denies sanctions evasion or Iran LPG trade after WSJ reports US probe Read More »
By Nandan Mandayam, Shivansh Tiwary and Rajesh Kumar Singh NEW DELHI (Reuters) – Airlines warned on Monday that growing trade barriers risked damaging the global economy and pledged to resist efforts by manufacturers to pass on tariffs as higher prices for aircraft. Airline bosses also complained that “unacceptable” aircraft delays were dampening growth at a …
Trade barriers and plane delays challenge global airlines Read More »
By Neha Arora and Aditi Shah NEW DELHI (Reuters) -Tesla does not want to produce cars in India, a federal minister said on Monday as the government finalised its electric vehicle policy, with the EV giant’s plans currently focused on importing cars into the country. India will significantly cut import taxes for foreign automakers that …
Tesla not keen on local production, minister says, as India finalises EV policy Read More »
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said on Monday that recent record aircraft orders from the country’s airlines are just the beginning for the world’s fastest-growing domestic aviation market. “Indian carriers have placed orders for more than 2,000 new jets and that’s just a start”, Modi said while addressing hundreds of global aviation …
India PM Modi signals more jet orders from country’s carriers after major deals Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Foreign investors sold Indian government bonds included in global indexes for a second straight month in May, driven by profit-taking and currency volatility rather than a change in sentiment towards the country, several investors said. Foreign investors offloaded 123.2 billion rupees ($1.44 billion) of Indian bonds under the Fully Accessible …
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Infosys CEO Salil Parekh’s compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed …
MUMBAI (Reuters) – Rural consumption is poised to remain a bright spot in the Indian economy, supporting growth in the ongoing fiscal year, economists said after fourth-quarter GDP growth beat estimates. India’s economic growth rose to a one-year high of 7.4% in the January-to-March quarter, higher than forecast, data showed on Friday. Personal consumption grew …
Rural consumption to drive India’s GDP growth this fiscal year, economists say Read More »
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks ended marginally lower on Monday, led by IT and metals stocks, as global trade concerns outweighed optimism from stronger-than-expected domestic growth data. The Nifty 50 dipped 0.14% to 24,716.6, while the BSE Sensex fell 0.09% to 81,373.75. On Friday, U.S. President Donald Trump threatened to double tariffs on …
Indian benchmarks end lower as IT, metals outweigh growth boost Read More »
